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Coley, Inc., has a cash cycle of 42.5 days, an operating cycle of 61 days, and an inventory period of 26 days.

This question was answered on Jan 11, 2013. View the Answer
Coley, Inc., has a cash cycle of 42.5 days, an operating cycle of 61 days, and an inventory period of 26 days. The company reported cost of goods sold in the amount of $340,000, and credit sales were $563,000.

What is the company’s average balance in accounts payable and accounts receivable?
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This question was asked on Jan 09, 2013 and answered on Jan 11, 2013.

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